Moving Insurance

Should I Get Moving Insurance? It isn’t always easy to tell if your move needs moving insurance. A job without any problems can lead to buyers’ remorse, but without insurance, movers can be screwed by a few pitfalls. How do you know when it’s worth it for you to pay for moving insurance? Industry pros who have seen it all can tell you when they like to recommend purchasing additional insurance.

“It’s simple, right? If you move and have damage then of course you should have purchased moving insurance. If you move and don’t have significant damage then you could have saved some money.” Randy Weddle of Baker International Insurance tells us in jest.


Many people believe they don’t need to buy insurance because moving companies are obligated to compensate their clients for any damages incurred to their inventory during the move. That is only true to an extent.

“Legally, moving companies do have some liability, and yes, some movers will pay for some repairs if they know they caused the damage.” Randy tells us. “Most movers however, will not pay the full amount for repairs, or missing. The liability a mover has is based on the weight of the items at 60 cents a pound per article. This is not enough to pay for repairs to damages or lost items.” 




Generally, household items aren’t meant to be built for packing and moving, and Randy will remind his customers of that. Damage is an unfortunate part of the job, and people with items that are particularly vulnerable or valuable should keep that in mind. Not every inventory can be provided with full coverage, though: some insurers will not insure certain items or will offer by-the-item insurance.


“If you care about your household goods, then the alternative is to insure your goods with moving insurance from a commercial insurance company.” Randy says. “If an item is damaged by a professional mover the insurance company will repair, replace with like kind and quality or pay you replacement cost at today’s cost. Same with missing or a catastrophic loss such as an act of God loss.” 



Be sure to understand the rules and guidelines of any insurance company or policy before purchasing any insurance. It is important to understand any circumstances in which you will not be compensated for moving related losses and weigh them accordingly.
“Make sure you purchase the insurance before a mover touches your goods and make sure you insure to proper value.” Randy says. “Proper value is the amount it would cost if you had a total loss and had to purchase all new items at today's cost.”

It is never a good idea to ignore the details when it comes to insurance. Small loopholes can cost you dearly in so many circumstances. Weighing the individual circumstances of your move with the specific coverage your insurance options offer is key to getting the right policy for you.



Ultimately, moving insurance is worth something different to each person that moves. Some people need to ensure their move is covered, others simply enjoy the peace of mind it offers. We recommend that people who have very high value items, or easily breakable items, purchase additional insurance to make sure they are covered in situations where things go wrong.

For cheaper, bulkier items like IKEA furniture, heavily used items, and other lower value items with sentimental value, moving insurance is not as valuable. With moving professionals the risk of any damage is low, so even though there is a possibility of incurred damage, moving without insurance is still worth the risk. It is still the individual’s choice to purchase or not to purchase moving insurance, and each person has their reasons to do so or not do so. But an informed decision is likely to be the best one.




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